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Pension funds as POF

Chitrendy

Newbie
Sep 16, 2020
1
0
I have a family of 6 and will be needing approximately 10m Naira as POF , my pension fund is 8m and I am using it as my POF in addition is to other Cash deposit of 5m, can someone enlighten me if SINP uses 100% pension.
 

jaseenaliottawa

Hero Member
Jun 23, 2019
224
51
Category........
You
I have a family of 6 and will be needing approximately 10m Naira as POF , my pension fund is 8m and I am using it as my POF in addition is to other Cash deposit of 5m, can someone enlighten me if SINP uses 100% pension.
YouR funds must be readily available that is liquid funds .since you cant access the pension funds right away , you cant use it . good luck .
 

ourcanadavisa

Hero Member
Nov 24, 2016
289
37
The following funds will be accepted:

  • Personal chequing or savings accounts
  • Bonds
  • Cash value life insurance
  • Guaranteed Investment Certificate (GICs) or Certificates of Deposit
  • Mutual Funds
  • Provident Funds (an official letter from the provident fund organization indicating the amount of funds that are accessible is required)
  • Registered Retirement Savings Plans (RRSPs)
  • Stocks
  • Tax Free Savings Accounts (TFSAs)
  • Term deposits and time deposits (must be valid at the time of application and remain valid throughout the entire application process)
  • Treasury Bills
Debentures, credit cards, lines of credit, gold, cash, property or businesses are not accepted as settlement funds.